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Shares of Zenotech Laboratories will be in focus, as the rights issue opens for subcription on Friday. The company has announced it plans to raise about ₹120 crore from its shareholders by issuing 2.66 crore shares at a price of ₹45 a share. The entitlement ratio has been fixed at 17:22 (that is, 17 shares for every 22 shares held). The issue closes on July 14. The company has fixed June 2 as the record date to identify eligible shareholders.
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